Another milestone in Nigeria’s ongoing private sector efforts at bolstering power supply was achieved last week by a pioneer Independent Power Producer, Bresson AS Nigeria Limited, which signed a 250MW power generation agreement with Emergency Power Conglomerate.
The partnership agreement which is billed to span a nine month period is integral to the Federal Government comprehensive roadmap to improving power generation, distribution and consumption in the nation’s economy.
The project that is to be cited in industrial clusters across the country was concluded via a memorandum of understanding signed in Paris, France by Bresson AS chairman, Mr. Gbenga Olawepo and Aggreko Regional Director, Mr. Christopher Jacquin.
Sources said the choice of clusters is premised on the projected source of demand, which often tallies with population and industrial density. Supply has been historically proven to be inadequate in areas of high activities, thereby inviting private sector interests in the need to increase supply.
In addition, the pioneer energy company, Bresson, reportedly intends to add “a total of 500mw within the next twelve months to its daily generation capacity through emergency power generation, particularly in strategic centres in order to arrest acute power shortages”.
Bresson AS, which owns Magboro 90mw power project situated in Magboro, Ogun State also hopes to commission its Magboro plant configured on 2GE LM 6000. The plant is designed for supply of power to the National Grid while an additional 20mw project; a joint project between Bresson and Aggreko is designed to serve the immediate neighbourhood of Magboro as an embedded generation option.
The indigenous energy company managed by business mogul, Mr. Gbenga Olawepo, outlined in its mission statement that it is “poised to attain leadership position in the area of power generation in Nigeria and Africa. We are working tirelessly to contribute to the socioeconomic development of a country of over 150million people. We are committed to making power outage a thing of the past, improve the quality of life of the people across all sectors of the economy and reduce poverty by making available the needed energy for growth and employment.
“Our strategic partnership and vision over the next decade is what propels Bresson’s advancement as industry leader. Our first assignment was to build a state of the art 90MW power plant at Magboro, the Lagos corridor of Ogun State, Nigeria. Bresson Magboro Power Project, a pioneer Independent Power Project was conceived in the wake of the Lagos State/Enron partnership. It was then the only IPP without financial involvement of any State or Federal Government. This project has evolved through the years seeking the right policy environment including the availability of a cost recoverable tariff for the grid, credible off-taker and reliable fuel supply. On the 28th of February 2012, an EPC contract was executed and with the full cooperation of the Nigerian government and in collaboration with IEG of Slovakia [EPC Contractor] and General electric, USA [Equipment supplier].
“Our strategic goal is to deliver affordable, cleaner and efficient energy by providing innovative energy services using environmentally friendly technologies tailored to meet the needs of our customers and help the people of Nigeria become energy sufficient”.
